How we doing boys? I am as confident as ever about ANTS future! Rik has communicated to all of us in his PR that ANTS management have a viable plan to drive revenue in the future. I believe that statement. If there was anything he have done for this company in the past was that driving revenue. He has done it before until JK tried to pull a fast one by trying to sell the company.
The story goes like this:
Rik was selling the ADS when Joe K. is heavily involve with the new product called the ACS. This product has cost ANTS more than 150 million dollars to develop but its worth it because they were probably projecting twice that in revenue per annum. IBM was so impressed with the ACS that they signed up to use it on their platform. Joe K. instead of focusing more on the development of the new ACS, focused more on getting a big contract with an energy company to validate the product and ran into software glitches and was not able to recover in time.
I've always said that this was a classic case of execution problem that ran out of time and money. ANTS had a lot of well paid employees back when a lot of internet company had a lot of investment funds pouring to them. Well that is no longer the case. Investment funds are tight and Rik have to be smart how he spends their funding.
Look, this is a turn around play. I am thankful for what Frank started to save ANTS. He did his job and got compensated by how, who knows? ANTS is in good hands now. ANTS has old and new shareholder who are sticking through this tough patch. I say that the future looks brighter than ever.
LONG AND STRONG. HOLDING and BUYING on any DIPS.
GO ANTS.
T
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